Gold is climbing higher on concerns of global growth

MEDIA IN \ Agencies 04-01-2019

Gold prices rose to a six-and-a-half-month high near the important level of $ 1,300 an ounce, amid fears of a global economic slowdown that rocked global markets and boosted demand for the yellow metal as a safe haven.
, The spot price of gold was up 0.6 percent at $ 1291.76 an ounce, having earlier touched its highest level since June 15 at $ 1292.90 an ounce.
US gold futures rose 0.8 percent to settle at $ 1294.80 an ounce.
Financial markets were shaken Thursday by Apple’s warning about revenue amid concerns about a global economic slowdown and corporate growth.
Among other precious metals, palladium rose 0.6 percent in spot transactions to $ 1262.70 an ounce, while platinum rose 0.4 percent to $ 797.20 an ounce.
Silver rose 1.2 percent to $ 15.70 an ounce, after rising to its highest level since July 17.